Blackwing Lair Raider
- 32d 15h 7m
All depends on timelines though. You only put in your $20 SPARC cash after the SPARC deal is announced. It has a 5 year time horizon, so could theoretically take years (zero opportunity cost). You could have long since sold your post-IPO UMG, or any other holding in that ret acct, to fund the SPARC deal. You have the wonderful benefit of seeing exactly what deal / valuation you are getting. You will know if it is worth liquidating other positions to pile into SPARC at your $20/per leap price.The value is there at $20 since you are getting 1:1 UMG shares at $14.75 and PSTH at $5.25. The other unmentioned fucked up thing is anyone holding PSTH in a retirement account has issues being able to exercise the future SPARC since you can just add 20 or 30k to an IRA to buy those shares.
IF you have 100% retirement account invested in this and Bill turns around instantly with a SPARC deal, this could be an issue... but I can't really see this being the case. Not to mention throwing 100% retirement account position at this crazy PSTH deal is massively irresponsible.